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Downtrend Broken Resist.Archive
- 6/20/2025 -
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Public Serv. Enterprise Inc. (PEG) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Public Serv. Enterprise Inc. (PEG). During the week, the PEG gained 1.10 points, or 1.36%, and closed at 82.10 on Friday, June 20, 2025. Weekly volume was 33% above average.
PEG is a member of Utilities Sector. Utilities is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See PEG long-term trend chart]
A long-term uptrend had started on October 10, 2008 at 22.09 and reached 95.22 on November 27, 2024. PEG gained -73.13 points, or -331.05%, in 841 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 58.24 and resistance is at 86.35. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See PEG medium-term trend chart]
A medium-term downtrend had started on November 27, 2024 at 95.22 and reached 74.67 on April 7, 2025. PEG lost 20.55 points, or 21.58%, in 18 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (69.17) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. PEG may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See PEG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 6, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See PEG short-term trend chart]
A short-term uptrend had started on May 14, 2025 at 76.00 and reached 83.39 on June 3, 2025. PEG gained -7.39 points, or -9.72%, in 20 days. The chart has formed a Rising Channel chart pattern.
 Daily Technical Indicators: [See PEG daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since May 22, 2025. This is an indication that the short-term trend is up.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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